The Scenario Approach to Strategic Planning Involves

question 63

Multiple Choice

The scenario approach to strategic planning involves

• A) devising plans for coping with a number of different possible future states of the world.
• B) homing in on a single prediction of future demand conditions using an iterative planning process.
• C) functional managers setting key corporate objectives.
• D) using computers to build virtual worlds for top-level managers.
• E) making planning the exclusive domain of top-level managers.

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Definitions:

Capitalism

An economic system based on private ownership of the means of production and their operation for profit, characterized by competitive markets, wage labor, and capital accumulation.

Constitutional Freedoms

The rights and liberties guaranteed to all citizens by a country's constitution, such as freedom of speech, religion, and assembly.

Dissent

The act of expressing or holding opinions that are at variance with those previously, commonly, or officially held.

Alliance System

A system of agreements and treaties between countries that provides mutual defense and support in case of a conflict, often considered a cause of World War I.